Cyclical Unemployment Is

question 135

Multiple Choice

Cyclical unemployment is

• A) related to job search difficulties for potential workers.
• B) a result of a poor match of worker's abilities and skills with current requirements of employers.
• C) a result of business recessions that occur when aggregate demand is insufficient to create full employment.
• D) a result of the seasonal pattern of work in specific industries.

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Definitions:

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Competency

The combination of knowledge, skills, and behaviors that is required for effective performance in a given role or job.

Collective Learning

The process by which a group acquires knowledge and skills through shared experiences, leading to improvement in performance or understanding.

Outsourcing

The business practice of hiring external parties to perform services or create goods that traditionally were performed in-house by the company's own staff.